Santex Project + Sales Becomes Swisstex Machinery

November 29, 2006

Effective Dec. 31, 2006,
Switzerland-based Santex Project + Sales will end its cooperative marketing and sales operation for
the Santex Group, which will take over the sale of Santex textile machines in its own sales
organization, Santex Group International AG in Tobel, Switzerland.

From Jan. 1, 2007, Santex Project + Sales will cease to exist. The newly founded Swisstex
Machinery Inc., based in Pfaffhausen, Switzerland, under the direction of Uwe J. Sick — until this
time project and sales director, Santex AG — along with current Santex Project + Sales associates
and with support from a network of experienced specialists, will focus on complete textile
finishing projects including, in particular, new knitted fabric finishing plants, extensions and
modernizations. Project packages will include production systems, infrastructure, a range of
engineering services, building services, automatization, logistics, and plant maintenance.